Gousto has become the latest UK business to be labelled a ‘unicorn’ after raising £25m in its latest funding round.
The new investment, which came from existing partners Perwyn and BGF, means that the company is now achieved a valuation of over $1bn.
The business has had an excellent few months of trading and doubled its monthly meal deliveries from 2.5m to 5m during lockdown.
The company has also said that sales in the first half of this year alone had exceeded last year’s sales of £83m. The company is also on course for its first-ever annual profit this year.
Timo Boldt, chief executive and founder, comments: “Achieving tech unicorn status and joining the ranks of those elite companies that have attained a billion-dollar valuation is a proud moment for the entire Gousto team and all of our shareholders but we are still only just getting started.
“The market opportunity ahead of us is vast, as changes in consumer behaviour drive permanent change through the entire grocery market.”
Gousto was recently featured on our list of the top 32 businesses – and their leaders – who are the driving forces behind this area of the retail sector.